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need the all of these urgent Minden Company is a wholesale distributor of promium Eufopean chocolates. The companys balance sheet as of April 30 is

need the all of these urgent
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Minden Company is a wholesale distributor of promium Eufopean chocolates. The companys balance sheet as of April 30 is given below: The company is in the process of preparing a budget for May and has assembled the following dota: a. Ssles are budgeted at $276,000 for May, Or these sales, $82,800 will be for cach, the remainder wil be credit sales. One-har of a month's credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30 accounts receivable will be collected in May. b. Purchases of inventory are expected to total $147,000 during May. These purchases will all bo on account Forty percent of all purchases are paid for in the month of purchose, the remainder are paid in the following month. All of the April 30 accounts payable to suppliers will be paid during May c. The May 31 inventory balance is budgeted at $43,000 d. Selling and administrative expenses for May are budgeted at $97,500, exclusive of depreciation. These expenses war be poid in cosh. Depreciation is budgeted at 53,200 for the month. e. The note payable on the April 30 bolance sheet will be paid during May, with $235 in interest. (All of the interest iclates to May? t. New refrigerating equipment costing $12,100 will be purchased for cash during Moy. 9. During May, the company will botrow $29,200 from its bank by giving a new riote payable to the bank for that amount. The new note wal be due in one yeat. Required: 1. Colculste the expected cash collections from customers for May. 2 Calculate the expected cash disbursements for merchandse purchases for May 3. Prepare a cash budget for May. 4. Prepare a budgeted income statement for May. 5. Prepare a budgeted boiance sheet as of May 31

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